Banks could have to shed 10% of customers as price of state aid - papers

RBS, which is 70 per cent state controlled, would have to give up about 100,000 of its one million small business customers under the plan. RBS, which controls about one third of the market, is resisting Brussels' proposal and wants to cap its divestments at a significantly lower level, reports The Times. Lloyds Banking Group, 43 per cent owned by the taxpayer, is under pressure to shrink its share of personal accounts, where it is the No 1 player with 22 million customers. Some sources have suggested that Brussels also wants a 10 per cent cut at Lloyds, which would equate to just over t...